GBP/USD is edging closer to the 1.3400 mark, gaining 0.28% during the North American session. This movement comes amid a light economic calendar but follows last week’s monetary policy announcement from the Federal Reserve, which suggested a potential pause in interest rate hikes. Traders appear to be positioning themselves in anticipation of possible shifts in the market.
As the exchange rate approaches 1.3400, the outlook remains cautious. Market participants are bracing for a potential interest rate cut from the Bank of England, which could further influence the trading dynamics of this currency pair. The interplay of these central bank strategies is crucial, as fluctuations in the USD and GBP could lead to significant changes in forex sentiment in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-15 15:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.